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The Kelce brothers clash with Chuck Liddell in 'Brewmite II,' while Spinal Tap's sequel album boasts Elton John and Paul McCartney. Emma Thompson revisits 'Sense and Sensibility' with a star-studded Audible sequel.

Markets Retreat, Media & Tech Stocks Mixed As Fed Dials Back Hopes For September Interest Rate Cut

DeadlineWednesday, July 30, 2025 at 8:01:39 PM
NegativeEntertainmentFinancial Markets
Markets Retreat, Media & Tech Stocks Mixed As Fed Dials Back Hopes For September Interest Rate Cut
Stocks took a late-day nosedive after Fed Chair Jerome Powell dashed hopes for a September rate cut, saying the central bank hasn’t committed to anything yet. Investors had been betting on lower rates, but Powell doubled down on the Fed’s current stance, calling it a solid defense against inflation. Media and tech stocks wobbled, reflecting the uncertainty.
Editor’s Note: This is a classic "don’t count your chickens" moment for Wall Street. Markets had been riding high on expectations of a September rate cut, but Powell’s comments reminded everyone that the Fed isn’t in the business of making traders’ lives easier. The mixed reaction in tech and media stocks shows how jittery investors get when the cost of borrowing—and therefore growth prospects—hang in the balance. Buckle up; this could mean more volatility ahead.
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